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Know Your Value - Dollars and Sense

Updated: Dec 29, 2019


Going after your first real job? Money matters and as you enter the career world, it is important that you know your own VALUE and how to support your claim for that value.

Everyone knows the basic tenet of any job is that the employer will provide you resources in exchange for your work. The most common resource provided is money and it is a much more enjoyable experience if you get paid fairly in exchange for your work. Knowledge is power and so you are more likely to receive the best salary compensation if you prepare and research prior to your interviews and negotiation with the employer.

These are my top 3 favorite websites for researching salary ranges:

* www.glassdoor.com

* www.salary.com

* www.payscale.com

Each of these sites has 1000s of job positions listed with salary ranges and are great resources to learn what your value could/should be.

Keep in Mind

Geography - Someone working in the same role with the same experience and education level will more than likely have a higher salary if they work in the San Diego, CA area compared to someone with the exact same experience but who works in Des Moines, IA. Geography has a big impact on the salary level that can be offered by an employer. Use your own geographic area when researching salary examples but also search outside of your area to use for general comparison.

Education - Typically, the higher level of education one has, the more opportunities are available for higher salaries. Additional certifications or licenses you hold also can positively affect your salary range.

Experience - As a young professional, you may not have numerous years of experience under your belt but your overall experience up to this point is still highly valuable.

Employment Term - Don't get distracted by the $$ during your salary research! Make sure that details such as the term of employment match what you want. Is the listed salary based on full-time work? annual basis? part-time work? full-time temporary work for only a specific number of months? Make sure to either match similar employment terms or convert the term lengths to get the actual equivalent salary for each listing that you're reviewing.

Next Steps:

* Review your most recent resume for a listing of your education and experience highlights. Use that information when researching salary range information from one of many online resources.

* Write down salary range options and the exact job roles listed based on your research that fit best with your intended career.

* Use this research to help filter the job positions for which you will apply and also use later to craft your negotiation strategy.

Stay tuned for more blog posts with tips, advice, and resources to help you along the beginning of your career journey!

Connect with That Purple Book across social media @ThatPurpleBook


Also Read:

* Know Your Company - Before Negotiating

* Know Your Options - All Items You Can Negotiate

* Know Your Goals for Negotiation

#FirstRealJob #YoungProfessionals #KnowYourValue #Salary

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